CHART: Spending v Receipts in Full

Public sector net borrowing is up from £86 billion in 2012-13 to £108 billion in 2013-14. It will fall to £42 billion by 2017-18, but the borrowing forecast for the entire parliament has risen by at least £140 billion. Herein lies the problem…


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Quote of the Day

Peter Mandelson tells Emma Barnett…

“I think that Jeremy Corbyn himself should search his conscience and ask himself whether he’s the best person to lead the Labour Party into the general election with the best chance of success for the party.”

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